Define: Uncommitted Facility

UK Accounting Glossary

Definition: Uncommitted Facility

Quick Summary of Uncommitted Facility

What is the dictionary definition of Uncommitted Facility?

Dictionary Definition

An uncommitted facility is an agreement between a bank and a company in which the bank agrees in principle to make funding available to the company but is under no obligation to provide a set amount of funding; If a loan is made it likely will be only for a short period.

Examples include: a money market line or an overdraft.


Full Definition of Uncommitted Facility


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Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Uncommitted Facility. Payroll & Accounting Heaven Ltd. November 21, 2019
Chicago Manual of Style (CMS):
Uncommitted Facility. Payroll & Accounting Heaven Ltd. (accessed: November 21, 2019).
American Psychological Association (APA):
Uncommitted Facility. Retrieved November 21, 2019, from website:

Definition Sources

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This glossary post was last updated: 6th May 2019.